Side View Camera System Market Size, Share, Growth Analysis, By By Type(Single camera, Multi camera), By By Application(Passenger, Commercial), By Region - Industry Forecast 2024-2031

Side View Camera System Market size was valued at USD 3.07 billion in 2022 and is poised to grow from USD 3.62 billion in 2023 to USD 13.32 billion by 2031, growing at a CAGR of 17.7% in the forecast period (2024-2031).

The side view camera system market is defined by a quickly changing landscape and fierce competition among major automotive technology companies and manufacturers. Some prominent companies dominating the market are Continental AG, Panasonic Corporation, Robert Bosch GmbH, Magna International Inc., Valeo SA, and Aptiv PLC. 'Ambarella, Inc. (United States)', 'Denso Corporation (Japan)', 'Mobileye N.V. (Israel)', 'Texas Instruments Incorporated (United States)', 'Panasonic Corporation (Japan)', 'Continental AG (Germany)', 'Stoneridge, Inc. (United States)', 'Aptiv PLC (Ireland)', 'Gentex Corporation (United States)', 'Robert Bosch GmbH (Germany)', 'ZF Friedrichshafen AG (Germany)', 'Valeo SA (France)', 'Autoliv Inc. (Sweden)', 'WABCO Holdings Inc. (Belgium)', 'Magna International Inc. (Canada)', 'Mekra Lang GmbH & Co. KG (Germany)', 'Murakami Corporation (Japan)', 'Clarion Co., Ltd. (Japan))', 'Seeing Machines (Australia)', 'Ficosa International S.A. (Spain)', 'Leopold Kostal GmbH & Co. KG (Germany)', 'SL Corporation (South Korea)', 'Renesas Electronics Corporation (Japan)', 'Hyundai Mobis Co., Ltd. (South Korea', 'Samvardhana Motherson Automotive Systems Group (India)'

The interest in ADAS has driven the demand for side view camera systems. These technologies are loaded with features like detection of blind spots, warning if a vehicle changes lanes without meaning to, and assistance in parking. Side view cameras can give access to video feeds in real-time. This is useful in a number of tasks. These include collision prevention, parking, and safe lane changing. As automobile producers integrate ADAS more often in their products, the demand for side view camera systems will keep rising.

Transition to Electric and Autonomous Vehicles: The side view camera system market is being heavily influenced by a key market trend. That is the speedy shift to autonomous and electric vehicles. EVs and driverless vehicles often employ advanced sensors and camera systems. These technologies add bonus features to these cars to guarantee optimal performance. These include self-parking and parking assistance. The increasing need for side view camera systems is mirrored in the rising adoption of these vehicles.

The market for side view camera systems has normally been led by North America. The region’s top position is owed for several reasons. North America’s strict safety standards have led to a growing need for ADAS like side view camera systems. The heightened integration of advanced automotive safety technologies in vehicles across the US and Canada have also contributed to this region’s dominance. This region is also home for several technology companies that specialize in ADAS. This and the region’s thriving automobile industry has cemented its place at no.1 in the market.